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Search Results 0 to 49 of about 136 (some duplicates have been removed)
FOX Business
Sep 27, 2012 8:00pm EDT
that is something that mitt romney was trying to clarify on this idea much spreading the wealth, end tax cuts. from ryan earlier. >> i was a little bit confused yesterday, congressman, when mitt romney was talking about the tax cuts he was invisioning, they would not be as big as you think, when you factor out you know, how we would phase out exemptions and allowances and deductions it may not be the big tax cut a lot of people were looking forward to. is he trying to brace us for some bette bitter news. >> no, lower tax rate, triggers economic growth, when people ask about, whose tax loopholes are you go after? we say by closing tax shelters for higher income earners, that allows us to lower tax rates for everyone. middle income tax payers get higher take home pay, businesses get lower tax rates that helps theme compete globally, and create job, by denying tax shelters to hire income earning that means we can lower tax rates on everyone without losing revenue, we get more revenue because we continue will glow the economy, these kinds of pro growth tax reforms, ronald reagan and tip o'neill did it,
CSPAN
Sep 30, 2012 1:00am EDT
a president passing a tax rate on small businesses above 40%. that one tax only pays for 8% of his proposed deficit spending. so this idea, look, overseas, which where i come from means lake superior. we both live near canada, right? the canadians have this figured out. the canadians lowered their taxes to 15%. president obama wants to tax our successful small businesses to go above 40%? when we tax our job creators at much higher tax rates than our foreign competitors tax theirs, they win, we lose. we have to get right with the idea that our jobs come from successful small businesses. we don't want to tax them more, we don't want to regulate them more, we want them to hire more. that is essential. [applause] and none of this is going to work. no business is going to be confident to take that risk to hire people, to advance people, to give people promotions and raises and job security if they see their government borrowing and spending like it is. we can't keep borrowing 36 cents of every dollar our government spends. we can't keep the federal reserve doing what it's doing. we cannot keep l
CSPAN
Sep 29, 2012 7:00pm EDT
us -- the double-digit inflation, the high tax rates that i think were hurting the economy, the stagflation that we were undergoing. before even the election day, something that none of those economists had even predicted had happened, that the economy was so worsened that i was openly saying that what we had thought on the basis of our plan could have brought a balanced budget -- no, that was no longer possible. so, the plan that we have had and that we are following is a plan that is based on growth in the economy, recovery without inflation, and reducing the share that the government is taking from the gross national product, which has become a drag on the economy. already, we have a recovery that has been going on for about 21 months to the point that we can now call it an expansion. under that, this year, we have seen a $21 billion reduction in the deficit from last year, based mainly on the increased revenues the government is getting without raising tax rates. our tax cut, we think, was very instrumental in bringing about this economic recovery. we have reduced infla
CSPAN
Sep 24, 2012 8:00pm EDT
in northern virginia, technology and defense jobs, and using them as pawns to a demand higher taxes or a budget deal. now, these are tough times, but out of adversity, we can create a more confident, caring, and prosperous america, and that is a positive agenda i will forward to discussing today, and the ida is what is best for the virginia businesses. >> governors, thanks to both of you. this is a high-profile senate race for the nation, certainly very important for the commonwealth, and it is also occurring in the shadow of the presidential debate, so i want to ask you about 47% we heard about this week. governor romney in summer marks at a fundraiser taped earlier this year talked about how there is some 47% of the people that do not pay federal income tax. he said that he believes they are -- that they feel they are victims, that the government needs to take care of them, and that they are entitled to housing, you name it. part of that 47 percent said. what would you do about that? do you think that should change? and what do you think, generally, about too many virginians, too
CSPAN
Oct 2, 2012 12:00pm EDT
institute for a discussion on the scheduled tax increases the percent to hit in january, including the end of the bush era taxes, payroll tax holiday hikes and invested in come also. a new tax policies and to report says nothing is done. average marginal tax rates would go up by five percentage points on labor income, seven points on capital gains and more than 20 points on dividends. along with more than a trillion dollars in budget cuts. also starting january or known as the fiscal cliff. it should get under way in just a moment. [inaudible conversations] >> good afternoon, and welcome to the urban institute's first tuesday. my name is howard gleckman of the tax center blocks and we are here to discuss taxes in the fiscal cliff. as you all know, washington lives everything that happens here is the biggest or the worst were the most important. how many times for instance have you been told some politician is about to give the speech of his life until he gives the next speech. the tax armageddon has the potential to actually be a watershed in the fiscal policy. true it could be another opp
FOX News
Sep 27, 2012 1:00pm PDT
growth reforms and lower tax rates giving businesses incentive to hire because they keep more of what they earn, and regulatory reform, we have offered a specific energy policy, to unleash american energy, to be energy independent in north america by 2020, and job training reform and more trade agreements to rome most trade and get the fiscal health in order. we have specific plans on preventing a debt crisis and cutting spending and getting growth and how to grow the economy and get people back do work. that is the choice. we need four more years of these policies which are producing the pitiful results or get back to real growth, and get people back to work. that is what mitt romney and i are offering. we have the specific solutions we giving the american people. they will like this choice they have. >>neil: you mentioned the specific solutions. i was confused yesterday, congressman, when mitt romney was talking about the tax cuts he was envisiononing, they would not be as big as you think when you factor how we would phase out exemptions and deductions, it may not be the big tax cu
MSNBC
Oct 1, 2012 4:00pm PDT
, for that matter, those two. to finance a big across the board tax cut but not tell us how. not what big across the board deductions he'll deny people in order to pay for it or even what taxes he's been paying himself over the years. or how he'll finance all those popular things in the president's health care plan once he kills the plan itself. lots of secrets. secrets because he himself has no earthly idea what the answers are. i'm joined by democratic strategist bob shrum and salon's joan walsh. first, however, we have two new national polls on the presidential race. let's check the "hardball" scoreboard. according to a new "washington post"/abc news poll, president obama has a two-point lead holding there, 49%/47%. same score in the new politico poll. obama by two, 49%/47%. "the new york times" this weekend reported on the two campaigns' ongoing debate preps. here is what they said about romney's prep. quote, mr. romney's team has concluded that the debates are about creating moments and has equipped him with a series of zingers he's memorized and has been practicing on aides since august. b
CSPAN
Oct 2, 2012 6:00am EDT
taxes on the middle-class. we have made changes here in the state of nebraska that grows this economy. that is why i am running for the united states senate. they want a change of leadership in washington. we have a senate in washington that hasn't passed a budget, let alone a balanced budget. we can change that. that is why i am running for the united states senate. i want to pass a balanced budget. i'm not your usual politician. obviously i am not one of the good ole boys, and i will make the tough decisions in the united states senate. we'll roll up my sleeves and work hard for you, and i will fight for you. i will fight for all people. thank you. >> thank you. now the opening statement from former nebraska governor and senator bob kerrey. >> i love nebraska. i was born here in lincoln. i went to lincoln northeast high school. i left nebraska, went to war and came home. i recovered from my injuries here in lincoln. i started a business that today employs more than 700 people. i have served you as your governor. we balanced the budget and the economy recovered. i served as a senator
FOX News
Oct 2, 2012 1:00pm PDT
of the unemployed and the poor. that is where a flat tax comes in. it allows attraction of the capital abroad. sam nunn was correct, you have to cut government spending. that has to happen, especially entitlements where you pay people not to work. there are other ways of bringing the debt down. cool ones. for example, how about a federal state, local, tax amnesty program? there are a lot of people in the underground economy that would be brought above ground with amnesty program. i estimate a federal, state and local tax amnesty program would raise about $800 billion in 90 days. you can also sell some assets off. camped person -- camp pendleton is 500 square miles in california. why not sell it? >>neil: my point, when you say it is too big to handle, you are missing the point, you cannot cut $16 trillion debt but you can boom your way from it. we are losing sight and what bill clinton learned in 1993, 1994, if you present a plan that looks credible like you want to reverse the direction, sometimes that creates a boom in and of itself and inspires confidence in the market that has little confidence
CSPAN
Oct 1, 2012 8:00pm EDT
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
CSPAN
Sep 27, 2012 6:00am EDT
's worth of tax increases or $10 worth of basically tax cuts and everybody raised their hands and said they would not accept that. we have become a country where -- it is not just one side, both sides, but more one side now than ever is not willing to be realistic about how we can tackle these challenges. if there is a crisis that i see in the united states for the long term, it is not the temporal issue of how we will deal with money. because i am very confident we will be able to deal with that. it is how will we bring that -- bring back our sense of what we can accomplish together as americans when we are realistic about those challenges. that is the thing i think about with the word "crisis" in this country. >> mayor castro is not the first to suggest that. for 10 years now, we heard that the government is not asking all of us to do enough. >> it is interesting. the word "sacrifice," when i hear a politician say that, it usually means grab your wallet. it usually means increasing taxes. and i will give president obama credit to in his the first presidential candidate since walter m
CSPAN
Sep 26, 2012 12:00pm EDT
are no longer eligible for the tax status. but 49 percent is not found in a law or regulation. it has simply been sort of rule of thumb for the agency. but to the irs, as anybody knows who has followed these groups, has not been very active in this area. so this is a problem yet unsolved. >> i will ask gary take you up the video because i want to play just the beginning of it that illustrate what we see as a problem in the way it was journalism is a covering the explosion of money. grease a story that could crush tries to say their is a lot of money here it and tries to report on finding secrets . in order to illustrate it runs the ads full screen and essentially journalism in that story ostensibly about money is magnifying the deceptive power of the ads. if you can take it back to the beginning of that video, i don't know if you can't, we have done an experiment to find out what is the difference between the story that is running with the ads all but full screen in the background and the story when you put a multiple matrix of. you put nine or ten screens of adds up as you air the same stor
CSPAN
Oct 2, 2012 8:00pm EDT
and a tax cut. that was done with the republican governor, is split between republicans and democrats in the house and senate. it was a bipartisan effort. we got it done for texas. road. been on the i really do not know. >> mr. sadler, a democrat has not won a statewide office in texas since 1994. do you consider this an uphill battle? >> for an open senate seat, it is always a battle, and should be, and needs to be, regardless of the party. i understand we have not elected a democrat in a long time. >> let's go to mr. cruz. he said the day after you beat lt. governor dewhurst, he said he would run scared for the general election. but you have agreed to this and what other debt -- televised debate. you criticized governor dewhurst for having almost 40 candidate forms up to the primary, but are you planning its eighth and coasting? safe and coasting? >> we have been crisscrossing the state of texas. we have been all over the state, literally hundreds of dop's and vfw halls and enny's talking with voters in every part of the state. that is what we are doing between now and election day.
MSNBC
Sep 27, 2012 3:00pm PDT
loophole and exploit every tax break in the books. and i think he should include this in his job application. a new report shows mitt romney avoided paying big taxes on a trust fund he set up on his children's inheritance. he did it in a trust fund called, i dilg it. i'm serious. that's what it's called. i dig it. now, you may not dig it but governor romney certainly did. saving hundreds and thousands of taxes according to bloomberg. that's the same kind of creative accounting that allowed him to get a 14.1% tax rate. and now his running mate says, it just doesn't benefit america. >> this money creates jobs so you'll want to have more capital that goes to more businesses, especially small businesses like this one so more people and what we learned about mitt romney and his tax returns, he's a successful businessman. that's a good thing. >> ah, patriotism. this money creates jobs. prove it. show me one job, just one, that was created by romney paying less in taxes. the truth is, governor, governor romney's tax policies are bad for america. they are geared to the super rich. they h
CSPAN
Sep 25, 2012 1:00am EDT
a pon to raise taxes. >> no one's talking about using the military or veterans as pons, i mean, i haven't heard that stated except george kind of throw in that charge at me and that's the kind of charge that you ought to be more careful about. i take second to no one in appreciating the service of our folks in active service and in our military i was governor in the middle o two wars. our virginia guards people, 1,500 of them deployed. i went to the deployments and the wakes in afghanistan and i celebrate the fact that all units are home. we have to get to a resolve issue and i've laid out a pretty concrete plan how we in the short plan avoid sequester cuts so that we don't harm defense ininstead of damaging the economy. we have to have some problem solvers. >> i want to give you each a moment to respond to this. that's the war in afghanistan. the issue is that our troops are being targeted by afghan troops, the very troops that we're trying to stand up so we can stand down. governor, i'll begin with you. can we withdraw troops from afghanistan if we do not have an afghan army sufficien
CSPAN
Oct 1, 2012 12:00pm EDT
inflation. front and center are jobs. i will be the only candidate advocating eliminating income tax, corporate tax, abolishing the irs and replacing that with one federal consumption tax. i embrace the fair tax. i think that is the answer to jobs. if the private sector does not create tens of millions of jobs, i did not know what it will take to create tens of millions of jobs. it is the entry to china. i see manufacturing jobs flocking back to the united states. are you hearing these things from these other two guys? no. they are arguing over who will spend more money on medicare. romney said he wants to increase spending for the military and balance the budget. it doesn't add up. i guess we believe in santa claus and the easter bunny and i do not think they are coming. host: gary johnson is with us and will add a third line for third party voters. we will get to your calls in just a couple of moments. what is the strategy for the rest of the election? guest: right now there is a lot of attention that is being drawn to what it is that i am saying. i'm being recognized for being at
Current
Sep 26, 2012 9:00pm PDT
. the production tax credit in terms of wind energy. ohio's position and growing that industry enormously. the number one wind energy growth state in the country. romney is against the production tax credit. what do you think of president obama's policies, including the all of the above strategy with respect to natural gas? >> well, i will say that first of all he did the right thing in trying to invest in wind and solar. now, some of the investments didn't work out but their failure rate wasn't any -- was certainly lower than what would be obtained from investing in nuclear. nuclear is a -- is dead on wall street. and the government's trying to prop it up with loan guarantees. i don't agree with that. i agree with the solar investment. even president obama, at the convention, if you look at his speech, he mentions coal. now, as far as natural gas the glut is there. there are issues with fracking. it cannot be ignored. and so that's -- you know, but the economics that are underlying this election actually are arguing a
CNBC
Sep 25, 2012 7:00pm EDT
they will. >> many, many thanks to fran tarkenton and brian. >> coming up. cut backs and tax hikes. nearly 1,000 police forced to block parliament in madrid. we'll have full details. but none of this is scaring off ken he'dner. he is bullish on america. and we'll hear from him in a bit. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. with scottrader streaming quotes,
FOX Business
Sep 28, 2012 11:00pm EDT
the voters turned out but in 94 days the economy bottomed could drop out when the bush tax rates and and the sequestration spending cuts began. the fast approaching train wreck nobody tries to derail texas congressman ron paul joins me on the phone. no one mentions this. like a storm that is not there. get past the immediate election but then we will be that much deeper in debt. >> it is unbelievable. they are in denial. they're not bad people but they should wake up the people around the country know what i am talking about. but washington wants to keep it quiet. it is a blame game. neil: what do you think will happen? a prominent democrat told me he thinks the three or six month extension then hachette out with whoever is elected obama or mitt romney >> that is a good estimate. once again that buries the problem. but they have not solved any problems. look at last summer they pushed it aside they will. but this is bad economics the market does not suffer from lack of liquidity in the bank's common they are loaded. is lack of confidence. in december they will not do anything. do
CSPAN
Oct 1, 2012 7:00am EDT
biden. [video clip] >> they voted against extending the middle class tax cuts. why? because they were holding it hostage to make sure they could continue their tax cuts. and romney adds another tax cut with a total cost to the economy of $1.70 trillion. it is $250,000 a year in additional tax cuts for those same 120,000 families and anybody making more than $1 million. >> all these promises were made on the idea of hope and change and it sounded pretty good to people. but when the rhetoric went aside and the time to act occurred, the ideas are the old idea that a failed time and again. borrowing and spending and regulating and taxing and printing money, all these things do not lead to prosperity and. all these policies say take power from people, many from families and a successful small businesses and job creators, ascended to washington and then they decide. that does not work. host: that's a taste of the vice-presidential nominees over the weekend. they will go head-to-head on october 11 in their only official the bait. let's stick to your calls. will the vice-presidential candidat
MSNBC
Oct 2, 2012 10:00am PDT
-- >> specific. >> it is not a goal to end tax breaks for companies that move jobs overseas and incentivize them to come back and create a million jobs in manufacturingp. we've seen the greatest increase in manufacturing jobs in more than 20 years under this president. so we have a sense of what has to happen in order to bring those businesses back and create those jobs. those aren't goals. you know, reducing our dependence on foreign oil by increasing our domestic production incentivizing clean energy to create jobs and put people back to work, those aren't goals, those are plans to continue to move this economy forward. look, i also hope that mitt romney will take some of the time paul ryan didn't want to take in his interview this weekend and try to explain the arithmetic behind their budget. paul ryan said it would take too long to explain their budget plan. the problem isn't the time and explanation. it's the math that's involved to make the statements that mitt romney and paul ryan have said line up to being anything close to the truth. and i think that governor romney will likely whether
MSNBC
Oct 2, 2012 1:00pm PDT
and mr. ryan have given no details but have given a promise that they're going to reduce taxes by 20%, how does mitt romney deal with that tomorrow? what does he actually say that he has previously refused to say on explaining that? >> well, i think it's fascinating that they're treating mitt romney like he's the president and a lot in the media treat president obama like he's the challenger. what president george w. bush did when he was governor of texas is said i want to reduce taxes across the board and i want to make sure we have a balanced budget. he wasn't very specific during the campaign, and when he became president, he released a series of principles that went to capitol hill that said these are the measures that meet my -- >> here is the problem with that though, ron. people who have assessed his mathematics have deemed them to be completely impossible. michael, this is just in from mitt romney on how he'll pay for his massive 20% across the board tax cut. take a listen. >> everybody is going to get up to a $17,000 deduction and you can use your charitable deduction or you
MSNBC
Sep 25, 2012 3:00pm PDT
president clinton said today about your tax plan. >> we know what governor romney says, which is that his proposal for dealing with the debt is first to make it bigger by adopting another round of tax cuts, but he says he can do that without raising taxes on the middle class. i'm not sure that's possible. but he wants to defer until after the election saying what the specifics are. i think that ought to be a little bit of a red flag. >> there are red flags all over governor romney's policies. red flags for middle class voters. red flags on medicare. red flags on the handling of the economy. and all of that is adding up. just take ohio, where governor romney and congressman ryan, his running mate, are campaigning today. a republican has never won the white house without winning ohio. but here's their problem. they're losing it by eight points. not only that, they trail president obama by seven points among ohio voters on the economy. the problem isn't just mr. romney's indifference to 47% of the country, it's his policies for everyone. like his trickle down ideas, or his laughable tax rate
CNBC
Sep 28, 2012 4:00am EDT
it first budget. its expected to whicheverdelives of tax hikes. meantime european policymakers are appraising spain's reform plan. but today the government must brace for the results of the banking stress tests that will determine the recapitalization needs of the country's most troubled lenders. we have steve sedgwick following the story in thmadrid, but firs out to stefane in paris. it sounds like there will be a contrast with the spanish budget. it's tax hikes that seem to be the focus. >> in france it will be focus on tax hikes. that's the decision about to be announced by the french government. basically 20 billion euros in additional taxes in the budget for the next year. and only 10 billion euros in spending cuts. that's the plan to reach the deficit target. that's the best case scenario because the budget is based on a growth assumption of 0.8% which seems to be far too optimistic. plenty of private economists believe the french economy won't grow more than 0.3% next year. in that case, the government will need to find an additional 5 feweuro of spending cuts on t of wh
FOX News
Sep 24, 2012 6:00pm PDT
for the tax they pay. >> sean: all right. so, for example, we now have a tax system. these are just facts. 10% pays almost 70% of the federal income tax bill. is there a limit in terms of the wealth that you would put on people? in other words, would you say after x number of dollars, you've got to -- the government's going to confiscate your wealth? how much out of every dollar should the highest tax individuals should be able to keep? 60 cents of every dollar, 20? >> well, i think we should have a fair tax. i think that all of this stuff is a big dialog that we need to have. i know that i pay 48% of my income to taxes. you know, i wouldn't mind so much if it wasn't going just to export war. if it was actually going to help the people of the united states, i would gladly pay more. >> sean: would you disarm america? would you uniliterally disarm? >> absolutely not. i'm not a passivist. with the privatizing of prisons, privatizing of military, i don't think that's a good idea. i think most americans agree with me, that the people themselves, you know, the taxpayers and the people of this -- of
CNN
Oct 1, 2012 7:00pm PDT
, but trails on virtually every other big issue, including medicare, taxes and foreign policy. keeping them honest, when it comes to some of those issues, both candidates have come up short either on specifics or credibility. issues like cutting taxes without ballooning the deficit or burdening the middle class. the romney campaign has been asked again and again for specifics. here's runningmate paul ryan just yesterday on fox news. >> there's been a traditional democrat and republican consensus lowering tax rates by broadening the tax base works. and you can -- >> i have to -- you haven't given me the math. >> well, i don't have -- it would take me too long to go through all of the math. >> chris wallace kept trying but came away empty-handed. he's not the only one. take a look. >> which of the deductions are you going to be willing to eliminate? which of the tax credits are you going to -- when are you going to be able to tell us that? >> we'll go through that process with congress. >> give me an example of a loophole that you will close. >> i can tell you that people at the high end, hig
Search Results 0 to 49 of about 136 (some duplicates have been removed)